If the amount of tax you owe at the time of the staggered payment obligation is more than $50,000, you must provide the IRS with additional information about your personal finances. In this case, you must request the payment plan on Form 9465-FS and attach a collection information statement on Form 433-F. The IRS then conducts a more in-depth review of your assets and commitments to determine if you are eligible for a temperate agreement. It is in your best interest to pay all tax bills until the due date; They avoid additional penalties and interest, as well as any collection. However, if you cannot pay the balance within 60 days, you can apply for an Installment Payment Contract (IPA). Low-income taxpayers who are unable to make electronic payments through a DDIA by providing their information on lines 13a and 13b are entitled to reimbursement of their user fees for staggered payments. If you are a low-income taxpayer and you have activated the 13c line box, your staggered payment will be refunded after your installment contract is concluded. For more information, please see user fee exemptions and refunds. In line 11a, enter the amount you can pay each month. Make your payments as large as possible to limit interest and penalties.
The fee will continue to apply until you pay them in full. If you have a tempered agreement to miss, this amount should represent your total monthly amount proposed for all of your commitments. If no payment amount is mentioned on line 11a (or 11b), a payment is set for you by defying the balance due by 72 months. If you do not make your payments on time or if you do not pay the balance due for a subsequent return, you will be late to your contract and we can terminate the contract. Before you terminate the contract, you can file a claim under the Collection Appeals Program (CAP). We can take enforcement action, such as submission. B of an NFTL or IRS tax action, for example, to recover the full amount you owe. To make sure your payments are made on time, you should consider them by direct debit. See lines 13a, 13b and 13c later.
One last thing you should always keep in mind is that a staggered agreement does not eliminate late interest and penalties – this only prevents the IRS from applying stricter collection procedures, such as. B the reimbursement of your wages. You agree to pay the full amount you owe within 3 years and to comply with tax laws as long as the contract is in effect; and there may be a reintegration fee if your plan is late. Penalties and interest continue to be imposed until your balance is fully paid. If you have received a letter of intent to terminate your temperate contract, contact us immediately. As a general rule, we will not take forced collection measures: Form 9465 has been added additional text to your tax payment and to the provision of up-to-date financial information if you request it. For more information, please see The requirements for amending or terminating a missed agreement.